Cambridge Investment Research Advisors Inc. Boosts Holdings in New Mountain Finance Co. (NASDAQ:NMFC)

Cambridge Investment Research Advisors Inc. grew its position in shares of New Mountain Finance Co. (NASDAQ:NMFC – Get Rating) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,676 shares of the company’s stock after purchasing an additional 2,646 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in New Mountain Finance were worth $936,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Reuter James Wealth Management LLC increased its stake in shares of New Mountain Finance by 3.5% in the fourth quarter. Reuter James Wealth Management LLC now owns 28,849 shares of the company’s stock worth $357,000 after buying an additional 980 shares during the last quarter. Inspire Investing LLC increased its stake in shares of New Mountain Finance by 5.5% in the fourth quarter. Inspire Investing LLC now owns 19,029 shares of the company’s stock worth $235,000 after buying an additional 986 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of New Mountain Finance by 4.9% in the first quarter. Advisory Services Network LLC now owns 21,390 shares of the company’s stock worth $296,000 after buying an additional 1,000 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of New Mountain Finance by 74.3% in the third quarter. Rockefeller Capital Management L.P. now owns 2,639 shares of the company’s stock worth $30,000 after buying an additional 1,125 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of New Mountain Finance by 114.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,317 shares of the company’s stock worth $27,000 after buying an additional 1,239 shares during the last quarter. Institutional investors own 30.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NMFC shares. Wells Fargo & Company lowered shares of New Mountain Finance from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, April 18th. StockNews.com began coverage on shares of New Mountain Finance in a report on Thursday. They issued a “hold” rating for the company. Finally, B. Riley lifted their price objective on shares of New Mountain Finance from $12.50 to $13.00 in a report on Wednesday, March 1st.

Insider Activity

In other news, CEO John Kline purchased 8,200 shares of New Mountain Finance stock in a transaction dated Friday, March 10th. The stock was bought at an average price of $12.05 per share, with a total value of $98,810.00. Following the completion of the acquisition, the chief executive officer now owns 229,572 shares in the company, valued at approximately $2,766,342.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO John Kline acquired 8,200 shares of New Mountain Finance stock in a transaction that occurred on Friday, March 10th. The stock was acquired at an average price of $12.05 per share, with a total value of $98,810.00. Following the completion of the acquisition, the chief executive officer now directly owns 229,572 shares of the company’s stock, valued at approximately $2,766,342.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David Ogens acquired 5,400 shares of New Mountain Finance stock in a transaction that occurred on Friday, March 10th. The stock was bought at an average cost of $11.65 per share, with a total value of $62,910.00. Following the acquisition, the director now directly owns 135,266 shares of the company’s stock, valued at $1,575,848.90. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 339,575 shares of company stock valued at $3,998,333. 10.22% of the stock is currently owned by company insiders.

New Mountain Finance Stock Performance

New Mountain Finance stock opened at $12.23 on Friday. The company has a market cap of $1.23 billion, a PE ratio of 15.68 and a beta of 1.15. The company has a fifty day moving average price of $11.96 and a two-hundred day moving average price of $12.30. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.98 and a quick ratio of 1.98. New Mountain Finance Co. has a 12 month low of $11.09 and a 12 month high of $13.59.

New Mountain Finance (NASDAQ:NMFC – Get Rating) last announced its quarterly earnings results on Monday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. New Mountain Finance had a net margin of 26.18% and a return on equity of 10.36%. The company had revenue of $73.90 million during the quarter, compared to the consensus estimate of $83.42 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. Research analysts expect that New Mountain Finance Co. will post 1.53 earnings per share for the current year.

New Mountain Finance Dividend Announcement

The company also recently declared a Variable dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be issued a dividend of $0.35 per share. This represents a dividend yield of 10.8%. The ex-dividend date is Thursday, June 15th. New Mountain Finance’s dividend payout ratio (DPR) is 164.10%.

About New Mountain Finance

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New Mountain Finance Corp. is a is an externally managed, closed-end, non-diversified management investment company, which engages in investments in the middle market. Its objective investment is to generate current income and capital appreciation through investments in debt securities and equity interests.